Topic
Cash no longer king: 80 percent of consumers prefer to pay by card
The average Australian carries less than $60 in their wallet, with 80 percent of consumers preferring to pay by card, a new report from Square has found.
Topic
Amount of documentation required is holding SMBs back from applying for business loans: report
Part of the reason why SMB owners are choosing to forgo a business loan is the amount of documentation required, with 80 percent stating it was onerous.
Topic
Adelaide home loan platform Tic:Toc raises $11.5 million Series B round
Adelaide-founded fintech startup Tic:Toc, which has developed a digital home loan platform, has raised $11.5 million in a Series B round led by Genworth Australia and La Trobe Financial.
Partner Content
How to raise startup capital without giving up equity
As the statistics show, access to capital can be life or death for a business – but it can be difficult and expensive to obtain.
Advice
Personal finance app Frollo helps people reach money goals by connecting to a community
Beyond helping users see where their money is going, Frollo also looks to help users achieve their savings or other money goals and learn better money habits.
Topic
Fintech startup Study Loans secures $50 million debt facility
Fintech startup Study Loans, which looks to help students finance their tertiary education, has secured a $50 million finance facility from an ‘ASX200 finance company’ and launched a $5 million capital raise.
Topic
Bank-backed instant payments app Beem It launches
First announced last October, payments app Beem It has launched this month with backing from Westpac, Commonwealth Bank, and NAB.
Advice
Gen Y-focused financial advisory firm Wealth Enhancers launches e-learning course to help millennials with money
Gen Y-focused financial advisory firm Wealth Enhancers has expanded into online education with the launch of Wealth Creation for Gen Y, a course aimed at helping Gen Y out with their finances.
Topic
SME lender Judo Capital launches with a focus on building relationships with customers
Three years in the making, Judo Capital is launching into the market today with a focus on building real relationships with its SME customers.
Topic
Open banking regime should be customer-focused and increase competition, review states
Open banking will “revolutionise” Australia’s financial services sector by giving consumers the right to share their data to get themselves a better deal, Treasurer Scott Morrison said.
Topic
Data and analytics firm Illion acquires Adelaide fintech startup Proviso
Data registries and analytics business Illion, formerly Dun & Bradstreet, has acquired Adelaide fintech startup Proviso as it gears up for the arrival of Australia’s open banking regime.
Topic
ANZ appoints managing director of New Business, Emerging Technology and Ventures
ANZ has announced the appointment of Ron Spector as its managing director of New Business, Emerging Technology and Ventures.
Topic
ASIC signs information sharing agreement with Chinese counterpart to spur fintech development
ASIC has announced a deal with the China Securities Regulatory Commission to promote innovation in financial services in their respective markets.
Advice
Fintech startup Study Loans looks to help students fund vocational education and training
Study Loans works with the educational institutions to have tuition paid to the organisation as a student progresses through their studies, like the government study loan programs.
Topic
Tech and Finance entrepreneurs dominate this year’s Young Rich List
Of the 100 names on this year’s Young Rich List, published by the AFR, exactly half of them made their wealth in the finance and tech sectors.
